Direxion Daily Financial Bear 3X ETF (FAZ) — ()
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Trade Bank Earnings Beats or Misses With FAS and FAZ
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Sentiment: Neutral ()
Q1 earnings reports have come in from four prominent names in the financial sector—Goldman Sachs, JP Morgan Chase, Wells Fargo, and Citigroup.
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Banking Crisis 2.0? The "Contagion" ETF That Gains 3% for Every 1% Banks Drop
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Sentiment: Negative ()
The Direxion Daily Financial Bear 3X Shares was a star during the global financial crisis. The ETF still has its limited uses, but don't expect 2008 levels of performance.
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About Direxion Daily Financial Bear 3X ETF FAZ
The Direxion Daily Financial Bull and Bear 3X ETF seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Financial Select Sector Index. There is no guarantee the funds will achieve their stated investment objective.